Duplex with Water
For Sale
$899,000
407-413 Rinconada Court, Benicia, CA 94510
Residential Income, Benicia, CA
Property Size2,333 SF
Lot Size0.25 Acres
Price / SF$385.34
Days on Market43
Property Features for 407-413 Rinconada Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Parking
4
Parking features
On Street, Garage
Window features
Double Pane Windows
Appliances
Disposal, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave
Lot features
Court, Cul-De-Sac
View
Water, City
Directions
East 5th St, going North above Hwy 780, turn left on Rinconada Ct.
Subdivision
Benicia 3
Standard status
Active
APN
0088171510
Size
2,333 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
drought-tolerant landscaping
stamped concrete
mature fruit trees
Tesla charging station
Building Details
Year built
1976
Floors in Building
2
Number of units
1
Flooring type
Carpet, Laminate
Building materials
Stucco
Roof type
Shingle
Listing Agency:
eXp Realty of California, Inc
(510) 776-7727
Listed By:
Nathan L Hancock · License #01957732
(707) 315-2597
Added: Jul 17
Changed: Aug 21
Last Checked: Aug 28 at 9:06PM
MLS# 326060399
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex contains a 2,333-square-foot primary residence with three bedrooms and two bathrooms, plus a separate one-bedroom, one-bath unit. Both residences include washer and dryer hookups, supporting independent household use. Central heating and air conditioning serve the property, with stucco construction, laminate and carpet flooring, and a shingle roof. The home was built in 1976 and is connected to public water and public sewer.
Set on a 0.25-acre parcel, the property includes water and mountain views. Exterior improvements feature drought-tolerant landscaping, stamped concrete, and mature fruit trees. A Tesla charging station, garage, and on-street parking add functional convenience. Appliances include a disposal, electric oven, refrigerator, and microwave.
Set on a 0.25-acre parcel, the property includes water and mountain views. Exterior improvements feature drought-tolerant landscaping, stamped concrete, and mature fruit trees. A Tesla charging station, garage, and on-street parking add functional convenience. Appliances include a disposal, electric oven, refrigerator, and microwave.
Key Highlights
- 2,333‑square‑foot duplex with a 3‑bedroom, 2‑bath primary residence and separate 1‑bedroom, 1‑bath unit
- Each residence has its own washer and dryer hookups
- Water and mountain views from a 0.25‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,040
$786.0K
Cap Rate 7%
$561,457
$561.5K
Cap Rate 9%
$436,689
$436.7K
Market Conditions
NOI Build-Up for 2,333 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.8K $25.20/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$56.1K $24.07/SF
− OpEx
−$16.8K −$7.22/SF
NOI
$39.3K $16.85/SF
Area
Solano County, CA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,040
Cap Rate 7%
$561,457
Cap Rate 9%
$436,689
Alternative Uses
Best Use
Multifamily LT 5
$561.5K
$491.3K – $655.0K
NOI $39,302 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$505.8K
$442.5K – $590.1K
NOI $35,403 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$778.5K
$681.2K – $908.3K
NOI $54,496 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer flexible occupancy, private living areas, and separate laundry hookups.
Where is this duplex located?
The property is located at 407-413 Rinconada Court Benicia, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,333‑square‑foot duplex with a 3‑bedroom, 2‑bath primary residence and separate 1‑bedroom, 1‑bath unit; Each residence has its own washer and dryer hookups; Water and mountain views from a 0.25‑acre parcel
